Crestchem Limited has announced a significant change in its leadership team, appointing Mr. Nitin S. Shah to the crucial roles of Company Secretary, Compliance Officer, and Chief Financial Officer (CFO). The appointment, effective from August 1, 2025, marks a strategic move for the company as it strengthens its corporate governance and financial management.

Key Highlights of the Appointment

Professional Background

Mr. Nitin S. Shah brings a wealth of experience to Crestchem Limited. As a member of The Institute of Company Secretaries of India, Shah has accumulated more than three decades of expertise in company secretarial practices and compliance management. His extensive background is expected to be a valuable asset to the company's corporate governance structure.

Appointment Details

The appointment of Mr. Shah is in accordance with Section 203 of the Companies Act, 2013, and aligns with the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). Specifically, it complies with Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Statement

Nirmit D. Patel, Executive Director of Crestchem Limited, confirmed the appointment through an official communication to the BSE Limited. The company emphasized that Mr. Shah is not related to any directors of Crestchem Limited, ensuring independence in his role.

Contact Information

For stakeholders and investors seeking to reach out to the newly appointed Company Secretary, Crestchem Limited has provided the following contact details:

• Phone: 9879106304 & 9023018979
• Email: info@crestchemlimited.in

Corporate Governance Implications

This appointment underscores Crestchem Limited's commitment to maintaining robust corporate governance practices. By bringing on board a seasoned professional like Mr. Shah, the company aims to enhance its compliance framework and financial management capabilities.

Upcoming Annual General Meeting

In related news, Crestchem Limited has also announced its 33rd Annual General Meeting (AGM) for the financial year 2024-25. The company has published advertisements regarding the AGM notice, book closure, and e-voting details in "LOK MITRA" (Gujarati Edition) and "FREE PRESS GUJARAT" on July 28, 2025.

Crestchem Limited, with its corporate office located in Ahmedabad and registered office in Mehsana, Gujarat, continues to focus on strengthening its corporate structure. Stakeholders and investors will be keenly watching how Mr. Shah's extensive experience will contribute to the company's future growth and compliance standards.

Crestchem Limited has announced a significant management restructuring to be discussed in its upcoming Board of Directors meeting scheduled for July 28, 2025. The meeting, set to take place at 12:30 PM at the company's corporate office, will address several key changes in the organization's leadership.

Resignation of Key Personnel

One of the primary agenda items is the resignation of Khyati Vyas from her roles as Company Secretary, Compliance Officer, and Chief Financial Officer (CFO). Vyas, who holds the ACS-25742 certification, will be stepping down effective July 1, 2025, citing health concerns. The board will formally approve and record her resignation during the meeting.

Director's Resignation

The board will also review the immediate resignation of Mr. Nitin S. Shah from his position as a Director of the company. This resignation is expected to be approved during the upcoming meeting.

New Appointment

Despite resigning as a Director, Mr. Nitin S. Shah is being considered for appointment to a new role within the company. The board will discuss his potential appointment as the new Company Secretary, Compliance Officer, and CFO, with the proposed effective date being August 1, 2025.

Professional Background of Mr. Nitin S. Shah

Mr. Shah brings a wealth of experience to his potential new role:

• Member of The Institute of Company Secretaries of India (ACS-7088)
• Over 30 years of experience in company secretarial and compliance roles
• Not related to any of the company's directors, ensuring independence in his function

Additional Details

The company has provided further information about the changes:

• Mr. Shah's contact details for his potential new role have been shared, indicating a high likelihood of his appointment
• The meeting will also be open to any other business with the permission of the Chair

Crestchem Limited, with its corporate office located in Ahmedabad and registered office in Mehsana, Gujarat, operates under the CIN: L24100GJ1991PLC015530. The company has taken steps to ensure a smooth transition in its key managerial positions, demonstrating its commitment to maintaining strong corporate governance practices.

Investors and stakeholders will be keenly watching the outcomes of this crucial board meeting, as these management changes could significantly impact the company's future direction and operations.